Member Info for WelshFalcon

Basically you are looking for 'mia culpa' moment and apology. A bit daft IMO. Just imagine what that would do to any remaining value we have left!

They need to be working on various things and to report when they have something worthy of reporting. Getting ACTIV-2 data. Checking if SPRINTER data is of any use to the NIH in support of the ACTIV data. Progressing any avenues for the so called 'platform trials'. Working through the SPRINTER data to see if/where there is credible evidence to support a potential EUA (in concert with or without ACTIV). And lots more.....

I'd rather that they picked themselves up of the floor and got on with their jobs/responsibilities. A 'mia culpa' oment will do nobody any good.

@Dumb, they don't counteract each other!

The basic 'standard of care' has improved with the use of Steroids. This produces a reduced comparative benefit for SNG over current standard of care. They work well together, it's just that the goalposts have moved.

Don't count this out, yet! The US may well surprise us - that still need additional drugs with their numbers.

nm.

Two things:

Re POG, there is this:
"Mr Johnson also indicated that the UK would bring in even more far-reaching sanctions against Russia than have been suggested before.

He said the UK and the US would stop Russian companies "trading in pounds and dollars" - a move that he said would "hit very very hard" with its impact."

If things get that bad, gold will be in great demand!

Re Marmaris / Turkey. Lovely country and people. Do go there on your holidays, the tourist spend will help them and you will have a great destination. In my younger days, Turkey was starting out as a tourist destination, I went many times. They had massive inflation at that time too, it just took a bit of financial savvy to cope with. I only exchanged and took cash with me for the immediate needs on landing (drinks, taxi, etc). First thing each day would be to exchange only what you needed for the day. I am guessing that nowadays you can achieve the same by using credit cards (so you get the most up to date exchange rate on each transaction. Some cash in US$ or GBP is also useful. Just careful management, but you can still have a good time.

I think you have it the wrong way round. NCM have the option to buy the 5%, GGP has no option to refuse their purchase (this effectively is a right to purchase).

The final decision is NCM's alone. Imagine that they 'low ball' their valuation. Imagine that we 'high ball' our valuation. Imagine that the independent valuation comes in just above the average of the two and the expert then says 'therefore GGP's valuation is to be used (that's how the JV is worded). This being too rich for NCM, they can then decide not to take up their option leaving us with the full 30%.

It is possible, but unlikely (I think NCM will take the 5% at any price this early in the life of this mine, the upside is too compelling). If we do end up keeping 30%, very happy Falcon.

So no RNS on Monday, then?
They would all need to be in the office to take calls when it does hit......

You misunderstand @Tavernham.

Both sides should be able to agree what is there from the actual drill results. The valuation will differ due to differing assumptions of what the future growth will be, what price of gold/copper etc. to use, what the profitability will be (AISC). There are many factors that will cause two different values.

These are by definition, not 'true values' but projected values. We will never be accepting less that 'true value' as nobody knows what the true value is. We will be accepting at of near our projected value.

Getting all hot under the collar thinking you are being done out of the 'true value' is a complete misreading of what is actually being done/negotiated.

Spot on @Lenz, that's exactly my point (or one of the main points). More important is the overall deal achieved by both sides.

The paranoia with someone (SB) is out to get us on here is getting a little silly. Take your heads out of the sand for a bit, please.

You need to consider the whole rather than just focusing on the negative view for GGP. SB has to line up his ducks also!

Consider that, if the MRE2 is published after which we agree an even higher value for the 5% (which takes into account future growth as well as potential copper/gold pricing uplifts), this could be a difficult 'sell' to NCM shareholders for SB. It may make NCM's purchase of the 5% tricky and could risk having to turn it down. This may well be the driver pushing MRE2 to beyond the 5% deal, allowing NCM to justify the deal with better numbers at year end.

Yes, GGP wants the MRE2 published before, it will make our 5% number look good in comparison.

These are the tensions within the negotiation, each side has differing goals and differing dynamics. Rest assured that both sides are working off the same base data and both sides have well qualified and experienced people working on this. So, in reality the MRE2 is a bit of a sideshow. Indeed the 5% deal is very much a sideshow in the long term context of the eventual size and profitability of HAV.

In all big B2B deals, the best ones are invariably the ones where both sides feel a little under their targets. So we need get to where:
1) NCM feel that they are paying a little over the odds, but SB can still get the funding agreed internally and can still keep the hammer down on getting the ore to Telfer ASAP.
2) GGP feel that they could have achieved a little more, but do get funding commitments for Juri extended (perhaps) and some preferential treatment for any additional ore we may find at SWAG (or other near Telfer prospects) obviating the need for developing our own processing plant in the near/short term.

Look at it through a wider lens rather that the 'they are after us' mantra, and you will see that a well constructed negotiated result will provide both companies with long term benefits.

Of course, this won't help the traders that want a sudden uplift to sell out from. But for me, and other long term investors, I see this as an opportunity for SD to set out a nice playing field and future for us in the region.

There seems to be a fair number of people that have no understanding of commerce and what is actually going on.

NCM / GGP's interactions are business to business transactions which have to be agreed by both (or as contracted). Period.

You can't decide a different value, pick up a company, or part of, or an asset, or part of and put it in your basket to pay for at the checkout.

NCM can't just take over GGP.
NCM can't just buy out all of HAV.
GGP can't entice a 3rd party to buy out NCM's 70% share of HAV.

Stop panicking and coming up with ever more ridiculous conspiracy theories, go and learn how B2B actually works and how takeovers actually work.

Does anyone really believe this rubbish?

If I received such a call, I would have serious doubts about my broker! I would move my accounts from HL the very same day. I would have a solicitor's letter sent to them demanding compensation for their security breach and would make it all very public. You just can't have your broker giving out your phone number to others.....

I was living in my small box room. Had to let out the two main bedrooms to just about afford to keep the house. Even so, precious little left.

'twas a very difficult time. Inflation and consequent high interest rates are not good for families. Now I'm retired with no mortgage / debts, this may now provide better annuity rates....

Good for gold, good for the golden oldies..... bad for everyone else!

Massive news, if true. Not something I would have expected from Putin.
Any link to source for this? A quick look on BBC news doesn't show any story for this.

It did make MrCosts disappear. Just back in and I've had a quick look, he seems to have been silent ever since.

I'll happily remind him, if he pops back in, that independent contractors have to pay all their own legal fees....LOL.

Nice try, but this is something you should take up with the company?

Posting one sided slant in a negative way to damage the company and its directors is defamation. They may be coming for you soon.

Oh, and the link doesn't have anything to do with an exploration well (as in the url). It is an article titled:

Nighthawk Energy may sue bulletin board ‘de-rampers’

Nite Nite

Oh dear Mr Costs.....

Making more defamatory posts about the company and the direcors.

Watch out matey, it may well get very expensive for you and your fellow. Read this:

https://www.proactiveinvestors.com/companies/news/16434/xtract-energys-kyrgyz-jv-gets-approval-to-drill-exploration-well-16434.html

Only of interest in theory.

In reality considering that some / all (and more) may be covered by tax right offs from previous 'losses', there would be little left for the tax authorities to gain. It would have to be a substantial amount in dispute for them to go to the expense of chasing anything.

Getting hold of all the required base data will take time and may involve court procedures, then they would have to employ their own (outside, probably) expert to come up with their figure. Then who do you go for, NCM or GGP or both? Which has the deeper pockets, NCM? So you end up in protracted court procedures which will come down to a battle of the experts.

Of course, if it was on a Trump scale (penthouse is 10,000 sq ft, but declared as 30,000 sq ft for financial gain etc...) then the tax authorities would be duty bound to try. Otherwise it would be a ballsy move which may end up with all cost and no recovery.

https://twitter.com/MARYau_MCU_PH/status/1492189185138171909

Another thought provoking twitter post from our French friend. You'll need to use the translate feature....

What @ Doc...... you mean the village idiots can get together and potentially breed? Run for the hills!